New Investments
South African Logistics Startup GoMetro Raises $11.4M in Series A for Global Expansion
This substantial investment will fuel GoMetro’s ambitious plans to digitize heavy-duty commercial transport operations and refine its advanced fleet management platform across its key markets in the United Kingdom, European Union, United States, and South Africa.
The funding round was spearheaded by Zenobē, a renowned strategic investor specializing in financing and operating electric buses.
FutureGrowth Asset Managers also played a significant role in the round, demonstrating their confidence in GoMetro’s innovative approach to fleet management.
Joining the investment were existing investors 4 Decades Capital, Hlayisani Capital, Tritech Global, Kalon Venture Partners, ESquared Ventures, and Greg Fury, who have consistently backed GoMetro’s transformative vision.
This infusion of capital will serve as a catalyst for GoMetro’s mission to empower fleet operators with data-driven decision-making capabilities, enabling them to optimize resource utilization, reduce operational risks, and enhance customer satisfaction.
In the highly competitive transportation industry, where fleet owners face constant pressure to stay ahead of the curve, GoMetro’s solutions provide a decisive edge, propelling companies towards growth and sustainable success.
GoMetro’s Bridge, a cloud-based platform, plays a pivotal role in the electrification of buses and trucks, a sector poised for significant growth in the coming years.
With GoMetro Bridge, fleet operators gain access to a comprehensive suite of telematics-driven features, tailored to support their transition to all-electric fleets. Utilizing their own telematics data, GoMetro Bridge provides fleet owners with a comprehensive assessment of their readiness for EV adoption.
GoMetro’s Series A funding marks a significant milestone in the company’s journey, solidifying its position as a leading innovator in the fleet management industry.
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
You may also like...
Okra Secures $12 Million Series A to Power Mesh-Grid Electrification in Africa
Okra, a solar technology company bringing solar power to grids in developing areas, has raised $12 million in Series A funding.
Husk Power Systems Secures $103 Million in Series D Funding for Cleantech Expansion in Africa and Asia
Husk Power Systems, a pioneering cleantech startup operating in Africa and Asia, has successfully concluded its Series D funding round, raising $103 million.
Yellow Malawi Secures $2 Million Investment to Expand Off-Grid Solar Energy Access
Yellow Malawi, a leading solar energy distribution company, has secured a $2 million investment from Acumen’s Hardest-to-Reach (H2R) initiative.